NAICS 81

Other Services in Albany-Schenectady-Troy, NY

Metro Market Score 61.4 (Difficult), ranked #262 of 332 metros. 2,310 establishments, 15,225 jobs.

Metro Market Score 61.4

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

ⓘ Lower is better. Relative to national other services average.

💰High-Cost Market

Albany-Schenectady-Troy scores 61.4 on the Metro Market Score for other services, placing it in the bottom quartile. High wage costs, strong existing competition, or slowing growth contribute to tougher entry conditions compared to most metros.

Industry Concentration

76.8

LQ: 1.12

Rank #255 of 332 metros

Wage Competitiveness

75.9

$49,247 avg wage

Growth Trend

↑ 58.1

Employment growth index

Rank #140 of 332 metros

Wage Pressure

53.1

YoY wage change index

2,310 Other Services Firms in Albany-Schenectady-Troy

2,310

Establishments

+1.4% YoY

15,225

Total Employment

+2.1% YoY

$49,247

Average Annual Wage

+4.1% YoY

1.12

Location Quotient

Above national avg

Within New York

#11 of 13

other services metros in state

New York state rank

#47 of 51

for other services entry risk

vs State Median

+2.1

worse than median (59.3)

Albany-Schenectady-Troy vs New York Statewide

How this metro's other services market compares to New York overall. The state ranks #47/51 for entry risk.

Measure	Albany-Schenectady-Troy	NY Statewide
Overall Score	61.4 Difficult	57.7 High
Score Type	Metro Market Score	Entry Risk Score
Rank	#262 of 332 metros	#47 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Albany-Schenectady-Troy

Healthcare and Social Assistance 43.6 Real Estate and Rental and Leasing 47.2 Accommodation and Food Services 48.4 Retail Trade 55.5 Construction 55.5 Professional, Scientific, and Technical Services 65.1 Information 70.7 Finance and Insurance 77.9

Other Services in Other New York Metros

Glens Falls 34.5 #50/332 Elmira 39.5 #75/332 Utica-Rome 42.7 #93/332 Watertown-Fort Drum 48.6 #144/332 Kingston 52.0 #177/332 Syracuse 53.0 #190/332 Binghamton 59.3 #241/332 Rochester 59.3 #242/332 Ithaca 60.1 #254/332 Buffalo-Cheektowaga 60.2 #255/332

+ 2 more metros. View all in New York →

Other Services Metros With Similar Conditions

Metros within 5 points of Albany-Schenectady-Troy's 61.4 score. Useful when comparing markets with comparable entry profiles.

Minneapolis-St. Paul-Bloomington, MN 61.3 #261/332 Chattanooga, TN 61.3 #260/332 Springfield, OH 61.5 #263/332 Athens-Clarke County, GA 61.6 #264/332 Billings, MT 61.1 #259/332 Victoria, TX 61.6 #265/332 Peoria, IL 61.6 #266/332 Fort Collins-Loveland, CO 61.7 #267/332 Savannah, GA 60.9 #258/332 Naples-Marco Island, FL 60.7 #257/332

Other Services in States Bordering New York

State-level entry risk for other services in adjacent states. Use this to weigh cross-border options.

Pennsylvania 39.5 #17/51 Vermont 51.6 #41/51 New Jersey 53.8 #43/51 Massachusetts 58.0 #48/51 Connecticut 59.1 #49/51

Browse Other Services in Other States

State-level entry risk reports for other services across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Albany-Schenectady-Troy's other services sector, the industry concentration component (76.8) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Albany-Schenectady-Troy, NY MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment